The following data refer to Huron Corporation for the year 20x2. $ 2,107,000 88,000 730,000 59,000...

 

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The following data refer to Huron Corporation for the year 20x2. $ 2,107,000 88,000 730,000 59,000 474,000 268,000. 150,000 90,000 125,000 23,000 46,000 Sales revenue Raw-material inventory, 12/31/x1 Purchases of raw material in 20x2 Raw-material inventory, 12/31/x2 Direct-labor cost incurred Selling and administrative expenses Indirect labor cost incurred Property taxes on factory Depreciation on factory building Income tax expense Indirect material used Depreciation on factory equipment Insurance on factory and equipment Utilities for factory Work-in-process inventory, 12/31/x1 Work-in-process inventory, 12/31/x2 Finished-goods inventory, 12/31/x1 Finished-goods inventory, 12/31/x2 Applied manufacturing overhead 60,000 40,000 71,000 0 40,000 35,000 40,000 577,500 Required: 1. How much of the manufacturing costs incurred during 20x2 remained associated with work-in-process inventory on December 31, 20x2? The following data refer to Huron Corporation for the year 20x2. $ 2,107,000 88,000 730,000 59,000 474,000 268,000. 150,000 90,000 125,000 23,000 46,000 Sales revenue Raw-material inventory, 12/31/x1 Purchases of raw material in 20x2 Raw-material inventory, 12/31/x2 Direct-labor cost incurred Selling and administrative expenses Indirect labor cost incurred Property taxes on factory Depreciation on factory building Income tax expense Indirect material used Depreciation on factory equipment Insurance on factory and equipment Utilities for factory Work-in-process inventory, 12/31/x1 Work-in-process inventory, 12/31/x2 Finished-goods inventory, 12/31/x1 Finished-goods inventory, 12/31/x2 Applied manufacturing overhead 60,000 40,000 71,000 0 40,000 35,000 40,000 577,500 Required: 1. How much of the manufacturing costs incurred during 20x2 remained associated with work-in-process inventory on December 31, 20x2?

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